New Delhi, May 30: TARC Limited, New Delhi’s Luxury Residential Real Estate Developer, announces financial results for the quarter and year ended March 31, 2026.
FY2026 marked an important year of operational progress and delivery milestones for the Company, supported by sustained sales momentum, strong business cashflows and continued expansion of the luxury development pipeline.
Financial Highlights (Consolidated Basis)
·Total Income for FY2026 stood at 671.78 crore; grew YoY basis from 38.89 crore in FY2025
·Total Income for Q4FY2026 stood at 300.02 crore; grew YoY basis from 13.89 crore in Q3FY2025 and grew QoQ basis from 42.30 crore in Q3FY2026.
·EBITDA for FY2026 stood at 77.51 crore; grew YoY basis from negative EBITDA of 127.77 crore in FY2025.
·Company reported profit after tax for FY2026 of 19.03 crore; grew YoY basis from net loss of 231.29 crore in FY2025.
Operational Highlights
·Commencement of customer handovers at TARC Tripundra marked a significant milestone for the Company. Launched in FY2023, achieved successful delivery within the timelines and has evolved into a benchmark boutique luxury development in the Capital. The project has total Gross Development Value of approximately 1,000 crore. With revenue recognition now commenced during the quarter, the gross margin at the project level of ~45% to flow through progressively into consolidated financials.
·TARC Kailasa witnessed strong customer engagement following the launch of premium inventory, alongside operationalisation of the new Experience Centre and Sample Residence. Total project gross development value now stands at approximately 4,400 crore.
·TARC Ishva expanded its development footprint through the unveiling of ‘Ishvara’, the sixth and tallest tower of the development. Total project gross development value increased to approximately 3,600 crore.
·Design finalisation is progressing across a sizeable pipeline of ultra-luxury developments.
Commenting on FY2026 Performance, Mr. Amar Sarin, Managing Director & CEO, TARC Limited, said:
“The commencement of revenue recognition at TARC Tripundra during Q4 FY2026 marks a key inflection point, strengthening profitability and financial performance visibility. FY2026 Consolidated revenue stood at 671.78 crore, with PAT of ₹19.03 crore and healthy project level gross margin of ~45% at Tripundra is testament of our strategy of leveraging historical land bank, luxury positioning and value-accretive development approach. Looking ahead, we remain focused on disciplined execution, phased launches and expansion of our luxury and ultra-luxury pipeline.”
Outlook
The luxury residential market in Delhi and Gurugram continues to exhibit strong structural demand, supported by constrained supply of high-quality developments, increasing preference for amenity-led community living and growing buyer inclination toward trusted and institutional developers.
Despite global headwinds India’s long-term economic growth outlook, supported by infrastructure investments, rising wealth creation and increasing global economic integration, continues to strengthen demand for differentiated luxury residential developments. Against this backdrop, the Company remains focused on design-led development, prudent capital allocation and strategic expansion of luxury portfolio across Delhi and Gurugram.